Limited liability is a fundamental concept in modern business that limits shareholders' financial liability to the nominal value of their shares, thus promoting investment and entrepreneurship by protecting personal assets.
Tag-along rights protect minority shareholders by allowing them to join in on the sale under the same terms as the majority shareholders, ensuring they aren't left behind if a majority shareholder exits.
The Williams Act was passed in 1968 to protect shareholders and management from takeover attempts by corporate raiders making cash tender offers. This article delves into its provisions, significance, and impact on the corporate world.
